Och-Ziff Capital Management (OZM) Stock Price Down 7.6%

Och-Ziff Capital Management (NYSE:OZM) fell 7.6% during trading on Thursday . The stock traded as low as $2.37 and last traded at $2.44. 1,437,817 shares changed hands during trading, an increase of 100% from the average session volume of 717,888 shares. The stock had previously closed at $2.64.

Several brokerages recently commented on OZM. ValuEngine cut Och-Ziff Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Och-Ziff Capital Management in a report on Friday, February 23rd. Zacks Investment Research cut Och-Ziff Capital Management from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Finally, Citigroup raised Och-Ziff Capital Management from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $2.90 to $4.50 in a report on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $3.50.

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The company has a debt-to-equity ratio of -5.94, a quick ratio of 2.80 and a current ratio of 2.80. The stock has a market capitalization of $1,208.09, a PE ratio of 4.45 and a beta of 1.02.

Och-Ziff Capital Management (NYSE:OZM) last posted its quarterly earnings results on Friday, February 16th. The asset manager reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The firm had revenue of $438.24 million for the quarter, compared to analyst estimates of $450.09 million. Och-Ziff Capital Management had a net margin of 2.46% and a negative return on equity of 136.75%. The firm’s quarterly revenue was up 55.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 earnings per share. research analysts forecast that Och-Ziff Capital Management will post 0.4 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Glacier Peak Capital LLC grew its position in Och-Ziff Capital Management by 24.3% in the fourth quarter. Glacier Peak Capital LLC now owns 2,587,540 shares of the asset manager’s stock worth $8,332,000 after buying an additional 505,185 shares during the last quarter. LPL Financial LLC grew its position in Och-Ziff Capital Management by 125.2% during the 4th quarter. LPL Financial LLC now owns 53,958 shares of the asset manager’s stock worth $135,000 after purchasing an additional 30,000 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Och-Ziff Capital Management by 106.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,917,174 shares of the asset manager’s stock worth $4,793,000 after purchasing an additional 989,191 shares in the last quarter. Credit Capital Investments LLC grew its position in Och-Ziff Capital Management by 29.1% during the 4th quarter. Credit Capital Investments LLC now owns 193,626 shares of the asset manager’s stock worth $484,000 after purchasing an additional 43,626 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Och-Ziff Capital Management by 173.2% during the 4th quarter. Deutsche Bank AG now owns 2,444,399 shares of the asset manager’s stock worth $6,110,000 after purchasing an additional 1,549,568 shares in the last quarter. Hedge funds and other institutional investors own 17.16% of the company’s stock.

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Och-Ziff Capital Management Company Profile

Och-Ziff Capital Management Group LLC is a publicly owned hedge fund sponsor. The firm provides investment advisory services for its clients. It primarily caters to institutional investors which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices.

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